multinational corporations

722 of the world’s biggest corporations together raked in over $1 trillion in windfall profits each year for the past two years amid soaring prices and interest rates, while billions of people are having to cut back or go hungry. 

On the eve of technical talks to thrash out the final details of the OECD tax deal ahead of the G20 Finance Ministers meeting next week, Oxfam is calling for world leaders to bring fairness and ambition back to the table and deliver a tax plan that won’t leave developing countries with next to nothing. 

Food and beverage industry giants improve policy commitments but they must turn them into action.

This discussion paper proposes what ‘good’ looks like in responsible corporate tax behavior, and contains a wide range of positive behaviors and actions companies can undertake to go beyond legal compliance and result in significant gains for developing countries.

G20 finance ministers in Lima today endorsed international tax reforms for tackling tax dodging launched by the Organization for Economic Cooperation and Development (OECD). While the measures are a tax milestone, they poorly represent the critical needs of developing countries, Oxfam warned today.

The OECD’s Tax Package, released in Paris today, will not stop corporate tax dodgers cheating poor countries out of billions of dollars of tax revenues

Oxfam is encouraged by World Bank President Dr. Jim Yong Kim’s rejection of trickle-down economics and his clear stance on the enormous challenge inequality poses across the world. 

The European Parliament has voted in favor of legislation - as part of the vote on the Shareholder's Rights Directive - obliging large companies across all sectors to publicly declare their earnings and taxes in the locations they operate – a move Oxfam welcomes.

G7 based companies and investors cheated Africa out of an estimated US$6 billion in 2010 through just one form of tax dodging, according to a new Oxfam report ‘Money talks: Africa at the G7’, released today.